Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD analysis for October 05, 2021

parent
Forex Analysis:::2021-10-05T11:09:43

EUR/USD analysis for October 05, 2021

Technical analysis:

EUR/USD analysis for October 05, 2021

EUR/USD has been trading downside as I expected. The price reached first downside target at 1,1590.

Trading recommendation:

I still see potential for the downside continuation and the next reference points.

Watch for selling opportunities with the next downside targets at 1,1565 and 1,1500.

Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.

Resistance is set at 1,1640

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...